While we expained in great detail exactly what "good" the previous bailouts for Greece did for the Greek people [6], we thought the following gif was easier for many to digest.
How to explain in one gif, why the loans never helped the Greek people pic.twitter.com/IxBs0nHTM8 [7]
— ???????? (@alepouda) June 26, 2015 [8]
Please note these are cats: we have not stooped to abusing kittens for our own personal gain.
Here is the somewhat more sophisticated explanation [9]why the bailout (of European banks) failed:
Which it is clear Greek officials understand all too well:
- GREECE OFFL: PROPOSAL LEADS TO WORSE BAIL-OUT DEAL AT YEAR-END
- GREECE OFFL: CREDITORS LIQUIDITY PROPOSAL HAS FUNDING GAP
- GREECE OFFICIAL: CREDITORS PROPOSAL ADDS TO AUSTERITY
